Are the wheels coming off BNP Paribas’ grand plan?
Today, February 6, BNP Paribas bowed to the inevitable and revised the targets it had set for corporate and institutional banking (CIB) revenue growth and cost savings in its 2017 to 2020 strategic plan. The move came after a year...
IEX research fans the flames of US exchange data feed pricing row
On January 7, a group of nine leading retail broker-dealers, banks, financial services firms and global market makers announced their agreement to launch an equities exchange, called MEMX, or Members Exchange. The consortium includes Morgan Stanley, Fidelity, Citadel Securities, Bank...
New highs are coming to stocks despite growing trade tensions, market bull Jeff Saut predicts
Wall Street bull Jeffrey Saut predicts the market will stabilize by mid-June despite growing trade tensions with China and Mexico. But first, he expects investors will have to get through a cruel couple of weeks. “Our models… are saying we...